Best Buy Names Cabela’s CEO Tommy Millner to Board of Directors

January 14, 2014 05:00 PM Eastern Standard Time

SIDNEY, Neb.--(BUSINESS WIRE)--Cabela's Incorporated (NYSE:CAB) announced today that its President and
Chief Executive Officer Thomas L. Millner was appointed to the Board of
Directors of Best Buy Co., Inc. (NYSE:BBY) on January 13, 2014.

“Tommy is a well-regarded CEO who has successfully transitioned his
organization from a traditional retailer to one that is highly respected
as an effective omni-channel player,” said Hatim Tyabji, Chairman of the
Best Buy Board of Directors. “Best Buy is on the same journey and
Tommy’s insights will, no doubt, be valuable as the Company looks to
even better serve its customers wherever and however they want.”

Millner became Cabela’s President and Chief Executive Officer in April
2009 after 15 years as an executive in the outdoor industry.

Here is the full text of the announcement from Best Buy:

Best Buy Announces New Member of its Board of Directors

MINNEAPOLIS – Jan. 14, 2014– Best Buy Co., Inc. (NYSE:BBY), the
leading authority and destination for technology products and services,
today announced the appointment of Thomas L. “Tommy” Millner to its
Board of Directors. Millner is the President and Chief Executive Officer
of Cabela’s Inc., North America’s leading omni-channel retailer of
hunting, fishing and camping products.

Millner, 60, has led Cabela’s since April 2009, after spending 10 years
as the Chief Executive Officer of Remington Arms Company, Inc., a
manufacturer of firearms and ammunition.

“Tommy is a well-regarded CEO who has successfully transitioned his
organization from a traditional retailer to one that is highly respected
as an effective omni-channel player,” said Hatim Tyabji, Chairman of the
Best Buy Board of Directors. “Best Buy is on the same journey and
Tommy’s insights will, no doubt, be valuable as the Company looks to
even better serve its customers wherever and however they want.”

“I have the utmost regard for the work the Company is doing to restore
Best Buy, and I believe its transformation story has the potential to be
nothing short of remarkable,” Millner said. “It is an honor to join the
Board.”

Before Millner’s arrival at Remington Arms Company, Inc., he was the
Chief Executive Officer and President at The Pilliod Cabinet Company
from 1987 to May 1994. Prior to that, he had served in various sales and
sales management positions with Thomasville Furniture Industries and
Broyhill Furniture Industries from 1976 to 1987. Millner earned a B.A.
with honors from Randolph Macon College in 1976.

Millner joined the Best Buy Board of Directors on Jan. 13, 2014. He will
stand for ratification at the Company’s annual shareholder meeting in
June 2014.

About Cabela's Incorporated

Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty retailer, and the world's largest direct marketer, of hunting,
fishing, camping and related outdoor merchandise. Since the Company's
founding in 1961, Cabela's® has grown to become one of the most
well-known outdoor recreation brands in the world, and has long been
recognized as the World's Foremost Outfitter®. Through Cabela's growing
number of retail stores and its well-established direct business, it
offers a wide and distinctive selection of high-quality outdoor products
at competitive prices while providing superior customer service.
Cabela's also issues the Cabela's CLUB® Visa credit card, which serves
as its primary customer loyalty rewards program. Cabela's stock is
traded on the New York Stock Exchange under the symbol "CAB".